FirstVet announced the completion of a €18.5M funding round led by OMERS Ventures as it targets international expansion
FirstVet, a Stockholm, Sweden-based company providing on demand veterinary consultation services via video, announced the completion of a €18.5M ($20.5M) capital investment, series B round.
The round was led by Canadian investment company Omer Ventures and included financial participation from existing investor Creandum. In conjunction with the deal, Omer Ventures’ Principal Henry Gladwyn will take a board position in the company.
The funding will enable FirstVet to expand its service globally, with the company looking to launch in other markets, such as the United States, Germany, and France. In addition, FirstVet will continue to develop its product and introduce new features to improve the experience for pet owners and vets alike, such as new automation tools and integration with clinics’ existing systems.
FirstVet, founded in 2016 as a spinoff from Vetzoo by CEO David Prien, Per Victor, Joakim Widigs and Lars Martin Norviit, built an online paltform for video medical consulations for pets owners. The company provides its services free of charge as it works closely with 20 insurance companies who offer the service to their customers as a way to potentially reduce the risk of more major pet insurance payouts.
FirstVet employs 35 people and has more than 200,000 registered users, active in the United Kingdom, Norway, Denmark, Finland, and Sweden.
Prior to this round, FirstVet raised €5.1M ($6M) in series A led by Creandum.